News Corp said revenues for the 3 months ended December 31, 2024 increased $103 million, or 5%. The company cited higher revenues at the Digital Real Estate Services, Book Publishing and Dow Jones segments as drivers of the increase, while the News Media segment saw lower revenues.

10-QQuarterly reportFiled Feb 6, 2025Period of report Dec 31, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

News Corp said revenues for the 3 months ended December 31, 2024 increased $103 million, or 5%. The company cited higher revenues at the Digital Real Estate Services, Book Publishing and Dow Jones segments as drivers of the increase, while the News Media segment saw lower revenues.
Net income from continuing operations for the 3 months ended December 31, 2024 was $306 million, an increase of $112 million, or 58%, compared to $194 million for the corresponding period of the prior year, the company said. Net income from continuing operations for the 6 months was $455 million.
The company said Other, net increased $71 million, or 338%, for the 3 months, primarily due to the gain recognized on REA Group's sale of its interest in PropertyGuru. News Corp added that net income attributable to noncontrolling interests from continuing operations increased $44 million, or 129%, with the same gain on the PropertyGuru sale cited as the primary factor.
News Corp said cash and cash equivalents as of December 31, 2024 were $1.8 billion. Free cash flow for the 6 months increased to $121 million from $97 million in the corresponding period of the prior year, with the company citing higher cash from operating activities from continuing operations as the primary driver.

Key figures

Quarter ended December 31, 2024

Revenue: $2.2B
Net income: $215M
EPS: $0.38

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly Revenue Up 5%, Segment-by-Segment Drivers

News Corp said revenues for the 3 months ended December 31, 2024 increased $103 million, or 5%. The company cited higher revenues at the Digital Real Estate Services, Book Publishing and Dow Jones segments as drivers of the increase, while the News Media segment saw lower revenues.

Source · Based on the MD&A text of the filing

Quarterly Net Income from Continuing Operations $306 million

Net income from continuing operations for the 3 months ended December 31, 2024 was $306 million, an increase of $112 million, or 58%, compared to $194 million for the corresponding period of the prior year, the company said. Net income from continuing operations for the 6 months was $455 million.

Source · Based on the MD&A text of the filing

Gain on sale of PropertyGuru interest and net income attributable to noncontrolling interests

The company said Other, net increased $71 million, or 338%, for the 3 months, primarily due to the gain recognized on REA Group's sale of its interest in PropertyGuru. News Corp added that net income attributable to noncontrolling interests from continuing operations increased $44 million, or 129%, with the same gain on the PropertyGuru sale cited as the primary factor.

Source · Based on the MD&A text of the filing

6-Month Cash Flow and Liquidity

News Corp said cash and cash equivalents as of December 31, 2024 were $1.8 billion. Free cash flow for the 6 months increased to $121 million from $97 million in the corresponding period of the prior year, with the company citing higher cash from operating activities from continuing operations as the primary driver.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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